Im trying to get my ducks in a row to buy them at auction with bank financing but would rather try to buy them or get them under contract before the auction and buy them from the current owner.

If its in default she might be able to contact the banks bring the mortgage current if someone is interested in obtaining the property.Originally posted by @Kirsten Goble:I am currently assisting someone with the sale of their home.

So a while ago I heard James Wood speaking, and he mentioned a strategy that involved finding houses with loans that originated with now-bankrupt banks.

There may be some other numbers I am forgetting but all in to buy a $100,000 property you'll want about $35,000 total in your bank, assuming the 20% down payment. 

Ive gotten clients approved at 610-620.Maybe try speaking to more banks?

For using leverage to acquire properties, did banks, lenders, mortgage brokers, or potential partners require that you held a college degree in order to secure the loan that leveraged your properties?

chemical bank loans in Detroit on rehabbed turn key rentals. appraisals are hit or miss.

I just got back from talking with the bank about my situation. 

You're looking to purchase $600k worth of real estate and only $15k in the bank so you'll have to come up with something creative.

One access I found to a private lender required $15k in the bank before loaning out money, which I don’t have.